The most significant movement was observed in the 24-carat segment—often regarded as the benchmark for investment-grade gold. The price for 10 grams of 99.9% pure gold settled at ₹1,56,320, marking a decline of ₹320 from the previous day's close of ₹1,56,640. For those transacting in larger volumes, the 100-gram rate fell to ₹15,63,200, a notable drop of ₹3,200. This downward adjustment aligns with recent global cues where a strengthening US dollar and shifting expectations around central bank interest rates have momentarily capped the yellow metal's upward momentum.
The jewelry market, which predominantly relies on 22-carat gold, also mirrored this softening trend. The rate for 10 grams of 22-carat gold in Delhi was recorded at ₹1,43,300, down by ₹300 from Thursday. Meanwhile, the more affordable 18-carat category saw its 10-gram price slide to ₹1,17,280, a reduction of ₹240. Market analysts suggest that while the immediate price action is bearish, the underlying sentiment remains robust due to the ongoing wedding season and the deep-seated cultural preference for physical gold as a "safe haven" asset
Administrative and official perspectives highlight that these fluctuations remain within expected ranges following the recent adjustments in import duties. Since the presentation of the Union Budget earlier this month, the gold market has been searching for a new equilibrium. Traders in Delhi's historic bullion hubs, such as Chandni Chowk, noted that while the price drop is modest, it has triggered a slight uptick in footfall as consumers look to capitalize on any downward movement to fulfill wedding season requirements.
Ultimately, this minor retreat in Delhi’s gold prices serves as a reminder of the metal's sensitivity to both macroeconomic policy and global geopolitical shifts. While the record peaks of early 2026 may have paused, the combination of a fluctuating rupee and sustained central bank interest ensures that gold remains a focal point of the Indian financial landscape. For the average resident of Delhi, today's price action offers a brief window of stability in an otherwise high-value market environment.
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